WHub joined by HKECIC and DBS as co-organizers will be hosting the FinTech Week Hackathon 2019

Hong Kong (Oct. 22, 2019) – WHub, DBS Hong Kong and HKECIC (Hong Kong Export Credit Insurance Corporation) are jointly hosting the FinTech Week Hackathon 2019 (1-3 November 2019) , a satellite event of this year’s Hong Kong FinTech Week (4-8 November 2019). Spanning 36 hours, the hackathon aims to promote innovation and technology to accelerate the digital transformation of the finance and insurance industry in Hong Kong.
The FinTech Week Hackathon 2019 is open to all startups, entrepreneurs, coders, developers, designers, marketers and university students. With the support of industry experts and representatives from DBS Hong Kong, HKECIC and WHub, participants will have 36 hours to design and develop innovative solutions (existing solutions allowed*) to address business challenges in the area of FinTech and InsurTech with the application of, but not limited to, Artificial Intelligence, Machine Learning and Blockchain technologies. Winners will receive a cash prize and tickets to the Hong Kong FinTech Week, with the possibility to further develop and implement their ideas into POCs with the organizers.
In Hong Kong, DBS, the first bank in the world to hold three of the most prestigious global best bank honours at the same time, and twice named World’s Best Digital Bank by Euromoney, is pioneering efforts to transform the way banks serve, engage and interact with customers through FinTech innovation.
“As a startup community, we would like to promote innovation among the startups and the younger generation, who are the future of Hong Kong, by allowing them to contribute to the development of the city. We are happy to collaborate with DBS Hong Kong and HKECIC to accelerate innovation and facilitate the development of the FinTech community in Hong Kong,” said Karen Farzam, co-founder of WHub.
FinTech Week Hackathon 2019 will take place at Kafnu Hong Kong in Hung Hom. To register and for any general enquiries, please visit: https://hackathon.whub.io/ or contact hackathon@whub.io.
* Existing solutions allowed: Participants must have the rights to use the code or outline which code is not commercially available for use. We do not need or expect participants to build everything from scratch.
– End-
For media enquiries, please contact:
Sakshi Kothari
About WHub
WHub is Hong Kong’s startup community platform and power connector, passionate about fostering the growth of startups and the entire tech innovation ecosystem. WHub provides a full service offer centered around three pillars: Showcasing, Connecting and Education. This includes services such as talent recruiting, corporate and startup co-innovation programs and support to governments in building thriving tech innovation ecosystems. Services are not only provided on-line, but also offline, examples include WHub’s Startup Ecosystem whitepapers shared globally, as well as programs, events & workshops such as hackathons and conferences including Startup Impact Summit, culminating the annual StartmeupHK Festival supported by InvestHK. WHub has started expanding geographically in order to build bridges between startup ecosystems around the world and accompany startups to scale internationally.
For more information, you can follow us on LinkedIn, Twitter, Facebook or visit whub.io.
The HKECIC was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance (Chapter 1115). Through the provision of export credit insurance services, the HKECIC protects Hong Kong exporters who trade on credit terms with overseas buyers against non-payment risks and helps them conduct export business in a prudent manner. The HKSAR Government provides a guarantee of $55 billion for the HKECIC’s contingent liability.
The HKECIC provides a wide range of insurance facilities to Hong Kong exporters of both goods and services. The facilities cover two main types of non-payment risks for goods exported and services rendered arising from buyer risks and country risks. The facilities cover not only exports shipped and re-exported from Hong Kong, but also those transported directly from suppliers’ countries to their destination without passing through Hong Kong. The indemnity provided is normally 90% of the loss incurred. Insurance policies issued by the HKECIC are accepted by the banking community as useful collateral for discounting export bills. The protection accorded to a policyholder may be extended to the policyholder’s bank by a Letter of Authority, which enables claims to be paid directly to the bank and can be instrumental in helping policyholders obtain the banking facilities they need.
For more information, please visit www.hkecic.com.
About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 27,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.


Share on facebook
Share on twitter
Share on linkedin
Share on email


A Step-by-Step Guide

The Power of a Wikipedia Page for Your Business: A Step-by-Step Guide

The one thing that builds trust between your company and its potential customers is having its own Wikipedia page. It is the first thing that shows up when someone looks up your company (besides your website of course!) and gives potential customers all the information they might need about your business.

Top 5 Unique Pet Care Startups to Watch

From Diagnostics to Play Dates: Top 5 Unique Pet Care Startups to Watch

All pet owners out there understand the feeling of wanting to do whatever it takes to make their furry companions’ lives just a little bit more comfortable. It is perhaps that exact feeling that has made the average pet owner spend over US$1,300 on pet care a year. According to a 2021 survey conducted by the market research firm OnePoll, 52% of Americans spend more on their pets than they do on themselves each year.

Course5 Intelligence Gains US$55 Million Funding Boost

Course5 Intelligence Gains US$55 Million Funding Boost; Closes First Round Successfully with 360 ONE Asset’s Tech Fund

Analytics and artificial intelligence (AI) solutions company Course5 Intelligence has recently announced its plans to raise a funding round of USD 55 million. The initial closing of the funding round was achieved through the participation of 360 ONE Asset Management Limited’s Tech Fund, which specializes in investing in promising technology companies. Leading the round, 360 ONE Asset invested US$28 million in Course5.

How to Find Your Company’s North Star Metric to Ensure Success

How to Find Your Company’s North Star Metric to Ensure Success

In the world of business, having a singular goal to focus on can be the key to success. That’s where the North Star Metric (NSM) comes in. Coined by startup investor Sean Ellis, the NSM is the measure of the value a company is delivering to its customers and is used as a means to predict the growth of the business.


Breaking Barriers: Video Games That are Accessible for the Visually Impaired

In recent years, the gaming industry has made significant strides in promoting inclusivity and accessibility for players of all abilities. While video games have long been regarded as a visual medium, game developers and designers have worked to break barriers and create gaming experiences accommodating the visually impaired.